Bal Kanwardev Raja Singh - Oct 12, 2023 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role
SVP Chief Accounting Officer
Signature
/s/ Bal, Kanwardev Raja Singh by Naixi Wu pursuant to power of attorney filed on December 7, 2022
Stock symbol
INDI
Transactions as of
Oct 12, 2023
Transactions value $
-$157,385
Form type
4
Date filed
10/16/2023, 05:50 PM
Previous filing
Sep 5, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDI Class A Common Stock Options Exercise $0 +69.5K +649.3% $0.00 80.2K Oct 12, 2023 Direct
transaction INDI Class A Common Stock Tax liability -$157K -31.7K -39.48% $4.97 48.5K Oct 13, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INDI Phantom Awards Options Exercise $0 -69.5K -50% $0.00 69.5K Oct 12, 2023 Class A Common Stock 69.5K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A common stock sold in the open market to pay for withholding taxes in connection with the vesting of phantom awards.
F2 Each phantom award represents a contingent right to receive one share of Class A Common Stock.
F3 Such phantom awards will vest in installments of 69,501 and 69,500 on October 12, 2023 and 2024, respectively.